Blackrock and Nasdaq Submits Filing for Ethereum Spot ETF Options

Daily Top Performer — Pendle Finance (PENDLE)

The SPX index was up by 1.04%, rebounding from Monday's selloff driven by recession fears and issues with the yen carry trade. The broader cryptocurrency market was up, with Bitcoin and Ether rising by 6.25% and 2.17%, respectively in the past 24 hours.

Today's top performer is PENDLE, which surged 16.7% after Term Structure announced the integration of Pendle PT tokens for enhanced collateral and lending options.

Pendle Finance (PENDLE), launched in June 2021, is a DeFi protocol on Ethereum for tokenized yield trading, allowing users to split assets into Principal and Yield Tokens for flexible trading and various yield strategies, and supports Arbitrum. Term Structure announced that Pendle's PT tokens (PT-weETH & PT-sUSDe) are now live on their platform. This integration allows users to use PT as collateral for borrowing and to earn higher interest lending for ETH on Term Structure. The announcement emphasizes enhanced utility for yield tokens from various partners like Lido Finance, Ether.Fi, Pendle, and Ethena Labs.

Check Out the Latest Prices, Charts, and Data of PENDLEUSDT Perp and PENDLE/USDT Spot!

Talk of the Town:

BlackRock and Nasdaq have filed with the US SEC to introduce options for BlackRock’s spot Ethereum ETF, iShares Ethereum Trust (ETHA), aiming to enhance market mechanisms and protect investors through greater cost efficiency and hedging opportunities. This proposal is part of a broader strategy, with Nasdaq citing experience in listing options for other commodity ETFs. The SEC, along with the OCC and CFTC, must approve the filing, with a final decision expected by April 2025. Since its launch on July 23, ETHA’s market dominance has risen, though it still trails Grayscale’s ETHE in assets under management.

Check Out the Latest Prices, Charts, and Data of ETHUSDT Perp and ETH/USDT Spot!

Bitcoin Spot ETF Flows:

Yesterday, there were significant outflows from Bitcoin ETFs, totaling $148.6 million. This included $32.2 million from GBTC and $116.4 million from non-GBTC funds.

Check Out the Latest Prices, Charts, and Data of BTCUSDT Perp and BTC/USDT Spot!

Airdrop to Watch:

Aigisos has announced the Genesis Rolldrop, distributing 90 million AIG tokens (9% of total supply) across two phases: one for the broader crypto community and another for users of the Aigisos Phoenix incentivized testnet. The process for claiming AIG tokens is straightforward and sign-less, requiring only wallet address verification via the Aigisos Discord server. Eligible groups include Dymension stakers, multiple perpetual DEX traders, top Gitcoin donors, and Earndrop contributors. Unclaimed AIG will be redistributed to active participants. Details for Phoenix testnet users will be announced later. A total of 500,000 wallet addresses are eligible for this Rolldrop, which excludes U.S. persons based on specific regulatory definitions. Participants must agree to the terms and conditions outlined by Aigisos.